WATERHOF
ActiveSummary
WATERHOF has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-595k) and a net result of €87k. Equity is growing by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 898 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.77 against 1.33 in 2024; short-term debt: 24.5% and cash: 30.5% of total assets), but equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-270.9%
Return on assets
39.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 898 sector peers (2025).
NBB · sector comparisonPosition among 898 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
on the day
2023
30 d late
2022
413 d late
2021
778 d late
2020
108 d late
2019
473 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-595k▲ 12.8%
2024 · €-682k
2018: €-814k
2019: €-824k
2020: €-811k
2021: €-825k
2022: €-827k
2023: €-787k
2024: €-682k
2018 → 2025
Total assets
€220k▲ 18.7%
2024 · €185k
2018: €145k
2019: €155k
2020: €192k
2021: €113k
2022: €88k
2023: €155k
2024: €185k
2018 → 2025
Net result
€87k▼ 16.3%
2024 · €104k
2018: €-3k
2019: €-10k
2020: €13k
2021: €-13k
2022: €-2k
2023: €40k
2024: €104k
2018 → 2025
Working capital
€41k▲ 126%
2024 · €18k
2018: €-854k
2019: €-873k
2020: €-846k
2021: €-935k
2022: €-897k
2023: €-45k
2024: €18k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-825k-€-827k▼ 0.2%€-787k▲ 4.8%€-682k▲ 13.3%€-595k▲ 12.8%
Operating result€-13k-€-1k▲ 90.3%€53k€105k▲ 98.6%€88k▼ 15.4%
Net result€-13k-€-2k▲ 84.8%€40k€104k▲ 163%€87k▼ 16.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €220k
Fixed assets
€124k ▲ 12.2%
Current assets
€95k ▲ 28.4%
Key figures and ratios
EBITDA
€108k▲
2024 · €108k
Cash flow
€107k▼
2024 · €108k
Solvency
-270.9%▲
2024 · -368.8%
Current ratio
1.77▲
2024 · 1.33
Debt to equity
-1.37▼
2024 · -1.27
ROA
39.8%▼
2024 · 56.4%
Interest coverage
150.65▼
2024 · 674.36
Debt
€815k▼
2024 · €868k
Debt ≤ 1 year
€54k▼
2024 · €56k
Debt > 1 year
€750k▼
2024 · €800k
Income taxes
€345▲
2024 · €34
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€185k€220k▲
Fixed assets21/28€111k€124k▲
Tangible fixed assets22/27€111k€124k▲
Land and buildings22€69k€69k=
Plant, machinery and equipment23€11k€8k▼
Furniture and vehicles24€31k€47k▲
Current assets29/58€74k€95k▲
Amounts receivable within one year40/41€11k€23k▲
Trade receivables40€11k€23k▲
Cash at bank and in hand54/58€62k€67k▲
Deferred charges and accrued income490/1€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€185k€220k▲
Equity10/15€-682k€-595k▲
Contributions10/11€124k€124k=
Capital10€124k€124k=
Issued capital100€124k€124k=
Profit (loss) carried forward14€-806k€-719k▲
Amounts payable17/49€868k€815k▼
Amounts payable after more than one year17€800k€750k▼
Financial debts170/4€800k€750k▼
Amounts payable within one year42/48€56k€54k▼
Trade debts44€510€5k▲
Suppliers440/4€510€5k▲
Taxes, remuneration and social security45€963€346▼
Taxes450/3€963€346▼
Other amounts payable47/48€54k€49k▼
Accrued charges and deferred income492/3€12k€11k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€19k▲
Other operating charges640/8€22k€22k▼
Gross operating margin9900€130k€130k=
Operating profit (loss)9901€105k€88k▼
Financial income75/76B€7€1▼
Recurring financial income75€7€1▼
Financial charges65/66B€160€717▲
Recurring financial charges65€160€717▲
Profit (loss) for the period before taxes9903€104k€88k▼
Income taxes67/77€34€345▲
Profit (loss) for the period9904€104k€87k▼
Profit (loss) for the period to be appropriated9905€104k€87k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-806k€-719k▲
Profit (loss) brought forward from the previous period14P€-911k€-806k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €104k ▲163%
Operating result €105k, net result €104k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.33
Current ratio from 0.66 to 1.33; short-term debt falls from €130k to €56k.
16-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 413 days late
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 778 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €40k
Net result €40k after 2 loss-making years.
2021
31-12
Financial
Weakest financial yearnet €-13k ▼206%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 108 days late
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 473 days late
2020
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
Show earlier events
2019
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 48 days late
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 91 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lubbeek · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Dunberg(LUB) 73210 LubbeekGround area
8,826 m²
Building footprint
2,824 m²
Volume, LiDAR
654 m³
2 parcels, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gellenberg(LUB) 117-119, 3210 Lubbeek
since 19952.073.047.475
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24066C0378/00B004 | Flanders | 7,742 m² | 1 · 2,688 m² | - |
| 24066C0405/00D000 | Flanders | 1,084 m² | 1 · 136 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
2 endedHippisch assistent duaal (so)
Paardenhouder (so)
Similar companies · same sector and region
BTWE INTIKANCHA Group
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ICS DEVELOPMENT
BE 0765.564.283
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SOLTÓ
BE 0766.913.474
Lubbeek
Stal 't Oud Molenhuis - 't Broeckehof
BE 0877.184.361
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WASC
BE 0653.733.082
Lubbeek
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,292 companies in sector 93110 we hold annual accounts for 1,495. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-07-1995
Fiscal year end31-12
Activities, NACEBEL 2025
93110Operation of sports facilities
56112Limited-service restaurants, excluding mobile food services
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.